Coca-Cola Inks Definitive Agreement With Great Lakes Coca-Cola Distribution

(RTTNews) - Beverages giant the Coca-Cola Co. (KO) said it had signed a definitive agreement with Great Lakes Coca-Cola Distribution, L.L.C., a wholly-owned subsidiary of Reyes Holdings, L.L.C.

This agreement follows a Letter of Intent announced in February with Reyes for the granting of territories in the greater Chicago area. The company expects to close the transaction in 2015. Financial terms were not disclosed.

Reyes is one of the largest global providers of food and beverage distribution services. Its operations span North, Central and South America, as well as Europe, the Middle East and Asia Pacific.

Annually, the company delivers over 800 million cases of high-quality, well-known beer and food products. Great Lakes Coca-Cola Distribution will dedicate all its sales and distribution activities on servicing the Coca-Cola brands.